Bank of Montreal Can Has $1.88 Million Stake in Reinsurance Group of America Inc (RGA)

Bank of Montreal Can lowered its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 46.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,057 shares of the insurance provider’s stock after selling 10,407 shares during the quarter. Bank of Montreal Can’s holdings in Reinsurance Group of America were worth $1,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of Reinsurance Group of America by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 83 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $113,000. Halsey Associates Inc. CT bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $205,000. Fulton Bank N.A. bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $215,000. Finally, LVM Capital Management Ltd. MI bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at approximately $223,000. 91.75% of the stock is currently owned by hedge funds and other institutional investors.

In other Reinsurance Group of America news, Director Alan C. Henderson sold 556 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $148.84, for a total value of $82,755.04. Following the completion of the sale, the director now directly owns 19,862 shares in the company, valued at approximately $2,956,260.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Laughlin, Jr. sold 500 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

Several research firms have recently weighed in on RGA. Zacks Investment Research downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Royal Bank of Canada restated a “hold” rating and set a $165.00 price objective on shares of Reinsurance Group of America in a report on Friday, December 8th. Wells Fargo & Co restated a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Finally, Goldman Sachs Group assumed coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $150.43.

Reinsurance Group of America Inc (NYSE RGA) opened at $148.42 on Tuesday. Reinsurance Group of America Inc has a 1-year low of $121.93 and a 1-year high of $165.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $9,575.63, a price-to-earnings ratio of 5.35, a P/E/G ratio of 1.32 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter in the previous year, the firm earned $2.92 EPS. Reinsurance Group of America’s revenue was up 5.3% compared to the same quarter last year. equities analysts expect that Reinsurance Group of America Inc will post 12.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, February 7th. Reinsurance Group of America’s payout ratio is currently 7.22%.

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Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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